“Finance”: 143.1 billion dirhams of government revenues during the fourth quarter of 2022

Abu Dhabi, March 16, The Ministry of Finance announced today the results of the preliminary government finance statistics report for the fourth quarter of 2022, based on the standards of the Government Finance Statistics Manual issued by the International Monetary Fund, and in accordance with the open data policy followed by the UAE.
Preliminary results showed that the value of revenues at the state level amounted to 143.1 billion dirhams during the fourth quarter of 2022 compared to 133.9 billion dirhams during the fourth quarter of 2021, and the value of tax revenues amounted to 75 billion dirhams during the fourth quarter of 2022 compared to 58 billion dirhams. During the fourth quarter of 2021. Revenues from social contributions amounted to 3.9 billion dirhams during the fourth quarter of 2022, compared to 3.5 billion dirhams during the fourth quarter of 2021.
The results indicated that the value of other revenues reached 64.2 billion dirhams during the fourth quarter of 2022, compared to 72.4 billion dirhams during the fourth quarter of 2021.
In terms of expenditures, expenditures at the state level recorded a value of 120.3 billion dirhams during the fourth quarter of 2022 compared to 136.2 billion dirhams during the fourth quarter of 2021, as the value of current expenses amounted to 111.2 billion dirhams during the fourth quarter of 2022, compared to 127.9 One billion dirhams during the fourth quarter of 2021. Current expenses consist of compensation for workers, use of goods and services, consumption of fixed capital, paid interest, subsidies, grants, social benefits, and other transfers.
The financial operations during the fourth quarter of 2022 resulted in achieving a clear and tangible improvement in the value of net lending / borrowing, as preliminary results indicated that it increased at the state level to 22.8 billion dirhams during the fourth quarter of 2022 compared to (-2.2 billion dirhams) during the first quarter. The fourth of the year 2021, and net lending / borrowing is a summary measure of the ability of governments to lend or their need to borrow, and it is also considered an indicator of the financial impact of government activity on the rest of the economy.